The Paycheck Protection Program (PPP) provided loans to small businesses affected by the COVID-19 pandemic. Companies with less than 500 employees, sole-proprietorships, independent contractors and self-employed individuals could qualify for these loans, according to Harvard Business School.
A report on the program analyzed by the Peter G. Peterson Foundation found the “distribution of loans across sectors didn’t mirror the distribution of job losses.” It showed restaurants and food service businesses did not receive many loans, despite suffering the highest level of job losses.
A preliminary analysis from the National Bureau of Economic Research suggests the areas most affected by economic disruption did not receive the most loans.
The Paycheck Protection Program ended on May 31, 2021. Existing borrowers may be eligible for loan forgiveness at the discretion of the lender.
PPP loans distributed in 2020 in ZIP Code 51579
| Name of Borrower | Current Approved Amount |
|---|---|
| Grato Holdings, Inc. | $1,109,047 |
| Rose Vista Home, Inc. | $600,655 |
| Nustyle Development Corporation | $507,853 |
| Dina G. Corporation | $157,300 |
| E-4 Sons Comany | $83,807 |
| MHD, LLC | $70,492 |
| ARCH Icon Development Corporation | $64,285 |
| MMB, LLC | $64,121 |
| Natural Creations, Inc. | $63,555 |
| C. H. N. | $57,000 |
| Avoca Food Land | $56,400 |
| Food Land Pharmacy, Inc. | $46,700 |
| Natural Fertilizer Services, Inc. | $42,300 |
| Lynn Barry | $36,897 |
| Good Fellows Kitchen, LLC | $33,400 |
| Fouts Funeral Home, Inc. | $30,000 |
| Moores Pumping | $29,925 |
| Stephany-Coe Insurance Incorporated | $27,547 |
| C & H Hauling | $24,297 |
| RCM Farms, Inc. | $22,865 |
| Adam R. Pryor | $22,500 |
| Iowa Parts Group, LLC | $22,384 |
| J Bar K Cattle, Inc. | $21,433 |
| Clark Smith | $20,833 |
| Sullivan Cattle Company, LLC | $20,825 |
| Merne Hammitt | $20,600 |
| Glenwood Parts Supply, LLC | $18,615 |
| First United Methodist Chruch | $17,867 |
| Coret Farms, Inc. | $17,400 |
| D & M Concrete, LLC | $16,743 |
| Chad Soma Insurance Agency, LLC | $16,704 |
| Triple C Roofing, Inc. | $14,910 |
| Natural Fertilzer Products, Inc. | $13,800 |
| Meeker Well, LLC | $13,480 |
| Joyful Sound Ministries | $13,387 |
| Barry & Barry, Inc. | $13,234 |
| John Renz | $12,378 |
| Tom Kelley Trucking | $12,297 |
| Motorcycle Medic, LLC | $9,300 |
| Gerten Hollow, Inc. | $9,000 |
| Pryor Farms, Inc. | $8,667 |
| Jordan Barry | $8,100 |
| Kevin Brown | $7,789 |
| Scotty Blum | $7,620 |
| C & L Feller Farms, Inc. | $7,500 |
| Jared Gares | $6,646 |
| John Johnsen | $6,272 |
| Fletcher Counseling, Inc. | $6,250 |
| Woodbine Main Street, Inc. | $6,085 |
| Stitchin' Tree, LLC | $5,000 |
| Reaction Salon | $4,640 |
| Shawn Michael Cogdill | $4,600 |
| Ted Myers | $4,340 |
| Filoli Corporation | $3,900 |
| Thomas Ganzhorn | $3,180 |
| Dennis Cox | $2,900 |
| Education and Ryan Sullivan, LLC | $2,865 |
| Christopher Feller | $2,700 |
| Diamond Revival, LLC | $2,524 |
| The Hair Zone | $2,370 |
| Gerald Hoffmann | $2,000 |
| Makinzie Nelson | $1,791 |
| B & B Construction | $1,790 |
| Kristina Kelley | $1,239 |
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